‘The crash is here’: stocks, gold, silver, bitcoin, real estate crash, ‘it’s time to get rich’ – Robert Kiyosaki
(Kitco News) Markets are crashing, and the great price collapse Robert Kiyosaki predicted is here, tweeted the best-selling author of ‘Rich Dad, Poor Dad.’
“All markets are crashing: Real estate, stocks, gold, silver Bitcoin,” he said this week. “Middle class wiped out by higher oil inflation. Yet rich get richer. Difference in head not wallet. Change WHAT IN YOUR HEAD FIRST…then get richer.”
It’s not WHAT’S IN YOUR LOBBY BOOK!? It’s WHAT’S IN YOUR HEAD? All Markets Crash: Real Estate, Stocks, Gold, Silver Bitcoin. The middle class wiped out by higher oil inflation. Yet the rich get richer. Difference in head not wallet. Change WHAT’S IN YOUR HEAD FIRST… then get richer.
— therealkiyosaki (@theRealKiyosaki) 27 August 2022
Kiyosaki told his followers to use the opportunity to buy more real estate, gold, silver and Bitcoin at a discount.
“2008 was a great time to get rich. Everything was sold. Borrowed millions of dollars to buy real estate. 2013 I published Rich Dad’s Prophecy, predicting a BIGGER crash is coming. THAT CRASH is HERE. Millions will be wiped out. Be so please don’t be one of them. Time you get richer,” he said in another tweet.
2008 was a great time to get rich. Everything was sold. Borrowed millions of dollars to buy real estate. In 2013 I published Rich Dad’s Prophecy predicting BIGGER crashes to come. THAT CRASH is HERE. Millions will be wiped out. Don’t be one of them. Time you get richer.
— therealkiyosaki (@theRealKiyosaki) 28 August 2022
The latest sell-off in the market was triggered by Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday, where he remained hawkish and signaled that interest rates could remain higher for longer.
Powell also warned that there would be “some pain for households and businesses,” which “are the unfortunate costs of reducing inflation.”
In response to Powell’s comments, stocks plunged on Tuesday for a third day in a row. Meanwhile, Bitcoin fell below $20,000 and gold fell to trade near $1,730 an ounce.
Kiyosaki is known for his calls to stockpile assets when they are undervalued. In mid-June, Kiyosaki also offered investment advice on how to survive this highly inflationary environment, asking his followers to stock up on cans of tuna.
“Best INVESTMENT: Cans of tuna. Inflation is taking off. The best investments are cans of tuna and baked beans. You can’t eat gold, silver or Bitcoin. You can eat cans of tuna and baked beans. Food most important . Hunger the next problem. Invest in the solution. Watch out,” he said.
Best INVESTMENT: Cans of tuna. Inflation is taking off. The best investments are cans of tuna and baked beans. You cannot eat gold, silver or Bitcoin. You can eat cans of tuna and baked beans. The food most important. Hunger next problem. Invest in the solution. Have a good time.
— therealkiyosaki (@theRealKiyosaki) 13 June 2022
According to Kiyosaki, the best time to get rich is when asset prices crash. When crypto began to crash in May, he described the fall as “good news” and said: “crash is the best time to get rich.”
BITCOIN CRASHES. Good news. As mentioned in previous tweets, I am waiting for Bitcoin to crash to 20k. Will then wait for test of the bottom which may be $17k. When I know the bottom is in, I reverse the truck. Crash is the best time to get rich. Have a good time.
— therealkiyosaki (@theRealKiyosaki) 12 May 2022
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